September 2040 Government inflation-linked tender #662; weighted average accepted yield was 1.72%; coverage ratio was 2.94x

The results from the latest inflation-indexed bond offer by the Treasury's Debt Management Office have been released. The details are shown below.

2.50% - 20 September 2040 Today #662 Previous #657 Previous #653 Previous #649 Previous #644 Previous #640   Previous #622
Series offered tender Dec 6, 2018 tender Nov 9, 2018 tender Oct 4, 2018 tender Sep 6, 2018 tender Aug 2, 2018 tender Jul 5, 2018   tender Dec 7, 2017
Total Amount Offered ($mln) 100 100 100 100 100 100   100
Total Amount Allocated ($mln) 100 100 100 100 100 100   100
Total Number of Bids Received 43 39 40 47 59 50   41
Total Amount of Bids Received ($mln) 294 267 365 263 245 226   214
Total Number of Successful Bids 9 13 15 16 27 21   28
Highest Yield Accepted (%) 1.7250 1.7100 1.8200 1.8100 1.9600 1.9650   2.1300
Lowest Yield Accepted (%) 1.7200 1.6900 1.7900 1.7950 1.9350 1.9350   2.0600
Highest Yield Rejected (%) 1.7800 1.7700 1.8700 1.9650 2.0100 2.0500   2.2150
Lowest Yield Rejected (%) 1.7250 1.7100 1.8200 1.8100 1.9600 1.9650   2.1300
Weighted Average Accepted Yield (%) 1.7244 1.6952 1.8114 1.8030 1.9518 1.9517   2.1110
Weighted Average Rejected Yield (%) 1.7416 1.7240 1.8327 1.8366 1.9814 1.9973   2.1570
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 82.9 31.1 36.2 45.5 64.9 37.5   42.1
Coverage Ratio 2.9400 2.6700 3.6500 2.6300 2.4500 2.2600   2.1400

*Individual allotments may vary due to rounding.

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